Indiana Merger: Financial Center Takes In Horizon One

Horizon One President Ann Garmon and Financial Center President Kevin Ryan announce the two credit unions are merging. Here they are shown breaking the news at the Horizon One’s branch in Greenwood, Ind.

A pair of Indianapolis credit unions – the $62 million, 10,835-member Horizon One Federal Credit Union and the $430 million, 46,984-member Financial Center Federal Credit Union – said they plan to April 1.

Horizon One President/CEO Ann Garmon will retire in the next month, the credit unions said in their announcement. All of Horizon One FCU’s 15 employees are being offered new positions with Financial Center FCU. Financial Center said it currently has 144 employees.

The majority of Horizon One FCU members voted in favor of merging into Financial Center FCU last week, the credit unions said.

“Expanding into the counties surrounding Marion County has been a goal of ours since last year. We’re looking forward to offering Financial Center’s extensive business and consumer financial products lineup to the Greenwood market,” said Kevin Ryan, president/CEO of Financial Center FCU.

Horizon One was founded in 1949 to serve members in the automotive manufacturing industry.

Financial Center was founded in 1953 to serve military personnel Fort Benjamin Harrison, has seven Indianapolis branches and four student centers branches and now serves people who live, work, worship, attend school or volunteer in Boone, Brown, Hamilton, Hancock, Hendricks, Johnson, Marion, Morgan, Putnam and Shelby counties.